Summit Economics, LLC

09/05/2024

This is classic for those who love the social sciences. Great article on applying pattern recognition to presidential elections to predict the winner. Excellent track record too.

So how does he do it? With a crystal ball? Tarot readings? Ayahuasca retreats in the desert? No, he does it with science.

12/04/2024

Colorado is known for a higher average inflation rate, and a lower age to housing cost ratio due to persistent growth. According to one study the state is last in housing affordability.

[email protected]" rel="ugc" target="_blank">https://coloradobiz.com/colorado-is-dead-last-in-housing-affordability-in-america/?utm_term=Colorado%20is%20Dead%20Last%20in%20Housing%20Affordability%25252C%20According%20to%20New%20Study&utm_campaign=Colorado%20is%20Dead%20Last%20in%20Housing%20Affordability%25252C%20According%20to%20New%20Study&utm_content=Editorial&utm_source=Act-On+Software&utm_medium=COB&cm_mmc=Act-On%20Software-_-email-_-Colorado%20is%20Dead%20Last%20in%20Housing%20Affordability%25252C%20According%20to%20New%20Study-_-Colorado%20is%20Dead%20Last%20in%20Housing%20Affordability%25252C%20According%20to%20New%20Study&Email=[email protected]

The Common Sense Institute ranks Colorado 51st, behind all states and Washington, D.C., in housing competitiveness.

02/04/2024

This quarter's column by our Senior Partner in ColoradoBiz Magazine grapples with the definition of sustainability. Check it out.

[email protected]" rel="ugc" target="_blank">https://coloradobiz.com/defining-sustainability-in-modern-business/?utm_term=Defining%202018Sustainability2019%20in%20Modern%20Business%202014%20is%20it%20Even%20Possible&utm_campaign=How%20to%20Use%20Colorado2019s%20Natural%20Beauty%20to%20Climb%20to%20a%20Better%20Business&utm_content=Editorial&utm_source=Act-On+Software&utm_medium=COB&cm_mmc=Act-On%20Software-_-email-_-How%20to%20Use%20Colorado2019s%20Natural%20Beauty%20to%20Climb%20to%20a%20Better%20Business-_-Defining%202018Sustainability2019%20in%20Modern%20Business%202014%20is%20it%20Even%20Possible&Email=[email protected]

01/04/2024

Some good research by USA Today on affordability as measurd by the cost of five major household expenditures relative to median state incomes.

Utah is the most affordable state in 2024. Learn about the factors that make it budget-friendly and see where your state stands.

21/03/2024

One of our favorite data visualizations from Colorado's State Demography Office. Age distribution by county. By comparing different counties, say El Paso and Pueblo, one can get a great sense of how the underlying economies manifest with age distribution and how the age distribution can drive economies and local business opportunities. Check it out. See the graph for the entire state and then look as a few counties.

Select choices from dropdowns and then hit the Generate Chart button to reflect your selections. Drawing can take a moment.

04/03/2024

Gallup's new Front Page gives us weekly insights in summary graphic form. A great way to be informed.

Welcome to Front Page, where we break down Gallup's latest insights on our constantly evolving world. Here are the five insights you shouldn't miss this week:

04/02/2024

The macro outlook for 2024 is most influenced by the upcoming national elections. This is not typically the case, but it will be in 2023. From Tom's column in CoBiz Magazine

Discover the potential impacts on the 2024 election landscape and the broader implications for the nation's future.

28/10/2023

Great historical perspective on company towns. Worth considering as we move more towards employer owned housing.

The rise and fall of Gary, W.Va — and that of company towns across the country — mirrors the arc of the nation's economy.

21/09/2023

The greatest predictor of individual (and I beleive group) success is GRIT. This is a short yet powerful TED Talk we strongly encourage everyone to view. How to be successful.

https://l.facebook.com/l.php?u=https%3A%2F%2Fyoutu.be%2FH14bBuluwB8%3Ffbclid%3DIwAR08qBQoiPsWR0F_dz-25NHEyEVnLu9eM93IC2XjCR_4YCXf2FIKe5BDuCc&h=AT0w2KeRZzTxJYDevZ2BaR0TTgCFBhPWtlA7DNOGDRbKlwcA5pyCh-eHro-1WXWQ7jjSg_SwhT09MAmeyBXSUnolFVGge2KZBZOhxfkRHQnIECBzDhJ1WNMH-dNxlREXmw&__tn__=-UK-R&c[0]=AT0ljZBjJGIxgoH2Xd_qx_Q_lD4E3qzchP4M2-sGiFi3QrsrpQYIDQUgaCXlo3-bfe8f2SnQwtVP9OxTiUkyLu_yXFoRbk7qwew_DGWOY-eCm-Q3EAoBndoYh70jSx4v_D_xbOe0pLiE3FdTNjEIZupc0MgPCAnbKV2dUAKyepkV2xlQpCsuZg

Visit http://TED.com to get our entire library of TED Talks, transcripts, translations, personalized talk recommendations and more.Leaving a high-flying job ...

20/09/2023

We may have posted this before, but recent quips by other leading economists such as Mohamed El-Erian suggest the economic mainstream is shifting to supply side economic policies -- a point of view we articulated in April 2022.

Long-term solutions requires a return to supply side economics where the supply and productivity of land, labor, and capital increases.

15/09/2023

From Gallup's survey, the trend in remote work. One can expect this to be the new normal.

U.S. workers report working remotely an average of 3.8 days per month, down from 5.8 in 2020 but higher than the 2.4 measured before the pandemic.

15/06/2023

The economics of homelessness as published in CoBiz Magazine. Summit Economics recently completed a study upon which this article is based.

The economics of homelessness are complex. According to the Colorado Coalition for the Homeless (CCH), only one percent of homeless individuals live unhoused by choice. Fifty-three percent have jobs and simply cannot afford housing.

10/06/2023

The future is what counts. The past is for reflection and learning. We need not focus on the causes of climate change - only on how to mitigate what is already here and getting worse.

To those who deny climate change we ask how confident are you in being right? If you are right, then our global society will waste alot of money remedying problems that don't exist. But if you are wrong and your position dominates global public policy, then there is a high probability we are setting our children's children for massive calamity. It's far better to plan around the possibility of being wrong than right.

According to new data analyzed by ProPublica and The New York Times Magazine, warming temperatures, rising seas and changing rainfall will profoundly reshape the way people have lived in North America for centuries.

19/05/2023

According to Gallup, American's confidence in their financial well being is not improving as inflation decreases. This does not bode well given Consumer Confidence is a leading economic indicator.

Americans' attitudes about their finances are just as subdued today as they were a year ago, when inflation was near its 40-year peak.

17/05/2023

Great work, as always by the Colorado State Demography Office. It provides insight into the growth of a prominent megapolitan area (the Colorado Front Range) in America.

Colorado’s resident population as of July 2021 was 5,814,707, ranking 21st in size in the United States. Colorado’s 2021 population represents growth of 30,000, or 0.5% increase, over Colorado’s July 2020 population estimates. Colorado’s 2020-2021 growth percentage was the 17th-highest among...

12/05/2023

A great listing of the world's mega construction projects with estimated total cost. Do a search on each of the projects to see what the big ticket items are in today's world.

01/05/2023

Solutions for addressing climate change from Drawdown.org. Check it out.

https://drawdown.org/drawdown-roadmap?_ga=2.25708223.308025968.1682951034-1802401065.1682951034

The Drawdown Roadmap is a science-based strategy for accelerating climate solutions. It points to which climate actions governments, businesses, investors, philanthropists, community organizations, and others should prioritize to make the most of our efforts to stop climate change.

17/04/2023

Interesting to see what topics grab our collective interest.

This chart shows the most popular TED talks of all time.

12/04/2023

Inflation update - down to the 5% + range. A big improvement, but still driven by rent inflation. With mortage interest rates double a year ago more people are staying in the rental market. We recently opined on housing inflation as to its causes and solutions.

Discover the economics of affordable housing and the supply and demand imbalance driving housing inflation in Colorado. It's time to rebuild.

24/02/2023

Life and wellbeing is about so much more than economics. Highly recommend the documentary film “A Case for Kindness”

27/01/2023

Mitigating future climate change is critical, but so is planning for impacts of changes already occurring.

46% of CEOs worldwide say is already significantly impacting their business or will within the next 1 to 5 years—with facing the strongest urgency. 💡 Explore what else is keeping CEOs up at night in our flagship 2023 report:http://ow.ly/XvQ150MyfPG

23/01/2023

Our forecast for 2023.

On the one hand, financial forecasting for 2023 seems rather easy. On the other hand, an unstable global market and environmental negligence make things complicated.

22/10/2022

The future of public/ private partnerships to address major challenges. What might ecosystem strategies look like at the local level? What challenges must we solve?

The Tuck School of Business at Dartmouth

21/10/2022

Keep an eye on the Verde Valley in the coming years. Great potential.

What is your favorite business in Cottonwood? The Economic Development Department works with local businesses to provide solutions. They also ensure the transition to starting, running, expanding and relocating a business within our city is a smooth and successful process. Visit www.growcottonwoodaz.com to view the City’s official Economic Development Guide.

13/10/2022

Research on Men's vs Women's happiness. Some interesting and contradicting results.

Why do women rate their life satisfaction higher than men do in most surveys? A new analysis suggests they are not happier.

08/10/2022

Senior Partner, Tom Binnings' most recent article in CoBiz Magazine - Voting with our Feet.

The Supreme Court's decision to leave abortion laws to states begs the question of whether people will 'vote with their feet' if their voice is not heard over a major civil rights issue.

29/09/2022

Great event. Get to hear five businesses making their best pitch.

MoonshotAZ Pioneer Pitch Verde Valley Final Contestant Competition Featuring Judges' Picks and Sustainable Entrepreneur Award

08/09/2022

Tom Binnings presents at the kickoff to the Sedona Community. Tom’. Presentation starts at 16:20, but all three presentations are good and flow together.

01/09/2022

Good article on the labor market. While the focus is on Colorado Springs, most of the insights apply throughout the US.

Some employers are pulling back on hiring the people they were desperately looking for a few months ago. Others are still eager to find employees.